Oh, dearie me! The Bitcoin (BTC) price has taken a tumble, plummeting below the dizzying heights of $98,000! Just yesterday, it was frolicking around $105,000, but today it decided to play hide-and-seek at a mere $97,750. That’s a cheeky little drop of -6.8%! What a ruckus! 🎢
Why Is Bitcoin Down Today? 🤔
#1 DeepSeek’s Surprise Impact On Tech Markets
Well, well, well! It seems our dear friend DeepSeek, a sprightly Chinese AI platform, has burst onto the scene like a bull in a china shop! The tech giants in the US are quaking in their boots! The Kobeissi Letter, a rather chatty market commentary outlet, exclaimed:
“Nasdaq 100 futures are down -330 POINTS since the market opened just hours ago! DeepSeek is now the belle of the ball on the App Store! This is how you know it’s a big deal!”
“Pre-FOMC de-risking is as normal as a cup of tea in England!”
#3 Lack Of New Price Catalyst After Trump’s Executive Order
And what’s this? A lack of fresh news after President Trump’s crypto executive order? Traders are left twiddling their thumbs, yearning for a new spark of excitement! It’s like waiting for a bus that never arrives! 🚌
#4 Long Liquidations Exacerbating The Move
Oh, the drama! A flurry of long liquidations has turned the market into a soap opera! A staggering 313,683 traders were liquidated in just 24 hours! That’s a lot of tears! 😢
The largest liquidation order was a whopping $98.46 million! It’s like watching a game of musical chairs, but everyone’s falling over! Analysts are scratching their heads, wondering if this is the cause or the effect of the chaos!
As we speak, BTC is trading at a rather dizzying $98,983. Hold onto your hats, folks! 🎩
Read More
- The Beauty Cast Adds Rebecca Hall to Ryan Murphy’s FX Series
- Bitcoin Long-Term Holders Shift to Ethereum, ETH Price ATH Soon?
- Poll Result: Bagheera, Bhairathi Ranagal or UI? Netizens pick the Best Kannada film released in 2024
- W PREDICTION. W cryptocurrency
- Bridgewater Founder Advocates “Hard Money” Like Gold and Bitcoin Over Debt
- Sebastian Harrison Confronts LA Fire, Narrowly Escapes Death
- How much is Ajith Kumar’s fee for Adhik Ravichandran’s Good Bad Ugly?
- Netflix’s Mary: What Did Noa Cohen Say on the Changes to Biblical Story in the Movie?
- Arnold Schwarzenegger’s Santa & Alan Ritchson Smile for First Man With The Bag Photo
- Renukaswamy case: Days after his bail, Bengaluru court permits Darshan Thoogudeepa to travel to his native place in Mysuru
2025-01-27 15:41